Transformation Fund
Video by Ministry of Manpower
About
Here at Daughters Of Tomorrow, we understand that education is the key pillar to economic empowerment for women. We also understand that job bridging is only the beginning; you have to continuously upskill yourselves in order to keep up with the rigours of the workforce.
On top of needing time and resources to upskill, there’s also great financial and personal commitment involved and sometimes you just need that extra little bit of support to enable you to take the next step.
This led DOT to launch the Transformation Fund, a programme where candidates can get access to that little extra bit of support, for the betterment of yourself and for your family.
For the first run of this programme, we are looking for applicants across all industries who wish to upskill themselves.
- Applicant must be currently employed in a role for a minimum of 6 months.
- Be able to demonstrate a clear plan to stay in employment for the duration of the course.
- First time applicant for Transformation Fund that meets conditions for awarding.
- Applicant will be awarded a maximum of $10,000 per person should the application be successful.
- Applicant may not be a recipient of any other bursary from DOT at the time of application.
Other criteria which may be considered during the approval process:
It is preferable that the course of study relates to the same industry in which the applicant is currently employed in.
Gross Income of $2,900 and below (take home may be lower given CPF and other deductions).
Applicant may be a candidate from DOT’s other Social Mobility programs (e.g. Step Up) subject to meeting condition (1) above.
Applicant Required Commitment
- Be committed to completing the course and strive for good results.
- Take active steps to seek a sustainable career in the field of study upon course completion.
- Participate in DOT’s Quality Of Life 1 year survey (Family Stoplight) and provide feedback/measurement. Each survey will take 30-60 minutes to complete. Surveys will be implemented before course commencement, 6 months and 12 months during the course.
- Commit to giving back by volunteering, meeting with funder or sharing the experience of being a recipient of Transformation Fund with DOT or any future applicants.
- Be personally responsible for any bonds with existing Employers related to course attendance
- Funds will be provided for the duration of the course. Should the total amount exceed the maximum of $10,000, final decision will be made in consultation with the Programme and Impact Committee.
Application Process
1. Download and fill in the Application Form with proof of current salary, course enrollment, and approval of other grants and email it to [email protected].
- Contribution history from CPF statements or past 6 months payslips;
- Acceptance letter from intended course provider ; and
- Approval of grants/scholarships etc (other than DOT) relating to course being undertaken.
2. Applicant to estimate salary post course completion.
- Consult with 3rd party (possibly WSG contact) to verify OR
- If career trajectory has been agreed with current employer, a letter of undertaking and/or recommendation by the employer can be accepted (strongly recommended)
3. Once approved, sign agreement/MOU
4. Course fees to be paid directly to the training institute, based on invoice
5. Monthly disbursements to cover for opportunity cost (up to last drawn salary and within cap limit), paid directly to the applicant upon verification of monthly attendance for upskilling course
6. Caregiving allowance support of $500/month for the duration of upskilling journey; for caregivers of:
- a. Children aged 12 below
- b. Special needs children of any age
- c. Parents/ seniors
7. Any special requests beyond the eligibility criteria will require Women Support committee’s approval
If you are unable to complete the course
- Bursary payments may be put on hold if leave of absence (of up to 6 months) is required. Payments will restart when/if course is resumed.
- Applicants will be personally responsible for any bonds with existing Employers during the above-mentioned leave of absence.
- DOT will provide community resources and befriending resources to address immediate needs.
- Should the applicant be unable to complete the course, they will have to repay the amount disbursed. Details and duration of repayments shall be decided based on consultation with the Programme and Impact Committee.
Our women support programmes and services are catered for women from low-income families who are registered with any Family Service Centre or Social Service Office. If you’re keen to join our programmes, get in touch with your Social Worker or Social Service Officer to send us a referral at [email protected].